Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  E.ON SE    EOAN   DE000ENAG999

E.ON SE

(EOAN)
  Report
Delayed Quote. Delayed Xetra - 07/07 11:35:20 am
10.265 EUR   -0.39%
05:52aEON AG : Goldman Sachs reiterates its Sell rating
MD
07/03German parliament passes coal exit bill
RE
07/02EON AG : UBS gives a Neutral rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Innogy shares to be delisted as E.ON completes takeover

share with twitter share with LinkedIn share with facebook
06/02/2020 | 12:23pm EDT
Innogy logo in Essen, Germany

Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.

"In the months ahead, we'll focus on the practical integration of all former Innogy operations into our Group. Throughout this process, we'll ensure that our customers' interests will continue to always have priority," E.ON Chief Executive Johannes Teyssen said.

The landmark deal to break up Innogy, originally carved out from RWE and listed in October 2016, was unveiled more than two years ago and saw its assets divided between E.ON and its former parent.

As part of the break-up, RWE agreed to acquire the renewable operations of both Innogy and E.ON, turning it into Europe's third-largest clean energy group as well as the world's second-largest offshore wind player after Orsted.

E.ON, meantime, acquired Innogy's networks and retail activities, giving it 51.5 million clients and a regulated asset base of 33.2 billion euros ($37.10 billion) across Europe, the most on the continent.

RWE boss Rolf Martin Schmitz expects further upheaval in the energy sector, with the trend toward further specialisation on the model of E.ON and RWE.

"A lot can certainly still happen on a European level," he told the Frankfurter Allgemeine Zeitung daily. "The size you need to really operate internationally and invest in future technology is constantly increasing."

E.ON said shares in Innogy were likely to be delisted this week following the successful squeeze-out of Innogy's minority shareholders.

The final steps of the transaction, including the transfer of Innogy's renewables business, gas storage and a stake in Austria's KELAG [KELAG.UL] to RWE, are expected to be implemented at the end of June.

(Reporting by Christoph Steitz, additional reporting by Emma Thomasson; Editing by Michelle Martin and Emelia Sithole-Matarise)

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -7.08% 5.9919 Delayed Quote.18.18%
BASE CO., LTD. -0.24% 4245 End-of-day quote.57.03%
BASE, INC. -1.34% 5870 End-of-day quote.234.47%
E.ON SE -0.44% 10.26 Delayed Quote.8.20%
INNOGY SE 0.00%End-of-day quote.-2.24%
JUST GROUP PLC 0.46% 47.88 Delayed Quote.-39.67%
ORSTED A/S 0.71% 798.8 Delayed Quote.15.09%
RWE AG -0.97% 31.8 Delayed Quote.17.40%
WILL GROUP, INC. -1.80% 656 End-of-day quote.-47.60%
WORLD CO., LTD. -1.00% 1580 End-of-day quote.-41.29%
share with twitter share with LinkedIn share with facebook
Latest news on E.ON SE
05:52aEON AG : Goldman Sachs reiterates its Sell rating
MD
07/03German parliament passes coal exit bill
RE
07/02EON AG : UBS gives a Neutral rating
MD
07/02E.ON Suspends Advertisements, Posts on Facebook, Instagram
DJ
06/30E ON : to upgrade homes to low carbon heating together with BEIS and Newcastle C..
AQ
06/26EON AG : Citigroup sticks Neutral
MD
06/25EON AG : Jefferies gives a Neutral rating
MD
06/23EON AG : Gets a Neutral rating from RBC
MD
06/15EON AG : RBC reiterates its Neutral rating
MD
06/15Charging points surge ahead of electric car boom
RE
More news
Financials
Sales 2020 61 216 M 69 155 M 69 155 M
Net income 2020 1 454 M 1 642 M 1 642 M
Net Debt 2020 33 725 M 38 099 M 38 099 M
P/E ratio 2020 17,8x
Yield 2020 4,59%
Capitalization 26 869 M 30 384 M 30 354 M
EV / Sales 2019
EV / Sales 2020 0,99x
Nbr of Employees 77 489
Free-Float 83,7%
Chart E.ON SE
Duration : Period :
E.ON SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends E.ON SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 10,69 €
Last Close Price 10,31 €
Spread / Highest target 21,3%
Spread / Average Target 3,74%
Spread / Lowest Target -16,5%
EPS Revisions
Managers
NameTitle
Johannes Teyssen Chairman-Management Board
Karl-Ludwig Kley Chairman-Supervisory Board
Karsten Wildberger Chief Operating Officer-Commercial
Marc Spieker Chief Financial Officer
Teresa Marie Jäschke Head-Digitization, IT, HR & Diversity
Sector and Competitors
1st jan.Capitalization (M$)
E.ON SE8.20%30 384
ORSTED A/S15.09%50 556
NATIONAL GRID PLC-2.87%40 240
SEMPRA ENERGY-20.48%35 237
ELECTRICITÉ DE FRANCE-10.03%31 299
ENGIE-20.80%31 123